Bloem LLC401(k)
BLOEM 401(K) RETIREMENT SAVINGS PLAN · GRAND RAPIDS, MI · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Bloem LLC reported $25,345 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $2,035 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 3 years on file its reported administrative ratio has held roughly steady near 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Michigan (2,062nd of 2,619), and 665th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has shrunk from 159 to 127 since 2022.
Bloem LLC's 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 454690080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.